Edison Int'l (EIX) Tops Q1 EPS by 14c

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Go back to Edison Int'l (EIX) Tops Q1 EPS by 14c

UPDATE: UBS Upgrades Edison International (EIX) to Buy; Recent 5% Drop Overdone, Says Analyst

April 29, 2015 7:15 AM EDT

(Updated - April 29, 2015 10:24 AM EDT)

UBS upgraded Edison International (NYSE: EIX) from Neutral to Buy with a price target of $70. Analyst Julien Dumoulin-Smith thinks a recent 5% drop on SONGS concerns is unwarranted.

Smith explained, "We are upgrading to Buy (unchanged $70 PT) after shares have dropped nearly 5% in recent weeks on unwarranted concerns over a... More